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Amerigo Resources Ltd T.ARG

Alternate Symbol(s):  ARREF

Amerigo Resources Ltd. is a Canada-based copper producer. The Company owns a 100% interest in Minera Valle Central S.A. (MVC), a producer of copper concentrates. MVC, located in Chile, has a long-term contract with the El Teniente Division (DET) of Corporacion Nacional del Cobre de Chile (Codelco) to process fresh and historic tailings from El Teniente. The Company operates in one segment, the production of copper concentrates under a tolling agreement with DET.


TSX:ARG - Post by User

Comment by SomeGainNoPainon Feb 09, 2022 1:41pm
132 Views
Post# 34413378

RE:RE:RE:Amerigo CEO is up next at this event

RE:RE:RE:Amerigo CEO is up next at this eventAs for the dividend, she emphasized how important it was to have a SUSTAINABLE dividend, and reiterated that ARG is highly leveraged to copper prices. She did make a commitment to continue the 0.02 cents dividend all year, and certainly will want to keep it there for some time, but you cannot expect a divi raise before at least a year. She mentioned that extra cash will be used on share buybacks however, so you can expect the NCIB will be reinstated as a complementary tool. Consider that if we cancel 5% of the shares each year, your shares appreciate also by 5% automatically. GLTA 
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